| With the development of globalization, the increase in the socio-economic activities of transnational carry more demand on the internationalization of the RMB liquidity. Such as the huge volume of international trade is facing the risk of exchange rate fluctuations and accumulated foreign exchange reserves need to reduce costs; such enterprises overseas investment and financing and M&A activity; such as our money stock required in the international market to find a suitable export in order to control liquidity; addition, cross-border travel, study abroad and other activities in the life need international mobility of RMB. With the increase in these international socio-economic activities, the internationalization of the RMB liquidity expansion, although not yet developed into an international currency, but has been gradually have an impact on the domestic economic and financial environment. Therefore it is necessary to study the current international liquidity situation, existing problems and promotion mechanism of RMB. So that we can reasonable promote the international flow of RMB, service the development needs of real economy, control liquidity risk, and protect the safety of the financial system.Article based on Marxist political economy analysis methods in the study of monetary liquidity problems, return to the essential attribute and basic functions of money. Article starts from the mechanism of the RMB international mobility needs, draws on the methods of economic inventory management, looks the RMB as a cash inventory, to analyze the RMB’s international liquidity demand mechanism and influencing factors, In order to establish a mathematical model to derive conclusions and conduct empirical test. Finally, Article based on the theoretical results to find a reasonable breakthrough point to promote the international flow of the RMB, so that it can better serve the real economy needs.The article is divided into seven parts to do the analysis of the RMB international liquidity problem:Part I:According to the research topic, introduce the background, propose research purpose, methods, and sort out the research status; Part II:Review and commentary monetary theory article used and build the theoretical basis of the analysis of the international flow of RMB; Part III:Descript of the international flow of RMB and propose the problems need to solve; Part IV:Build a theoretical model to solve the problem, analyze the current internal demand mechanism of RMB internationalization and influencing factors; Part V:an empirical test of the conclusions of the mathematical model; Part VI:looking for a breakthrough in solving the problem based on the mathematical model and empirical conclusions; Part VII:The summary of the article.Through the theoretical research and empirical test, the article draws two important conclusions:(1) The total demand of the RMB international liquidity and trade settlement has a positive correlation;(2) The total demand of the RMB international liquidity and RMB exchange rate, and RMB opportunity cost have a negative correlation. According to the conclusion, article proposes four breakthroughs to promote the international flow of RMB:First, to promote the domestic enterprises "going out"; second, to develop the RMB market; third, to promote financial institutions international; fourth, to build offshore RMB market. |
